CLSE vs. ADME
Compare and contrast key facts about Convergence Long/Short Equity ETF (CLSE) and Aptus Drawdown Managed Equity ETF (ADME).
CLSE and ADME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLSE is an actively managed fund by Convergence Investment Partners. It was launched on Feb 22, 2022. ADME is a passively managed fund by Aptus Capital Advisors that tracks the performance of the Aptus Behavioral Momentum Index. It was launched on Jun 8, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLSE or ADME.
Key characteristics
| CLSE | ADME | |
|---|---|---|
| YTD Return | 40.19% | 25.02% |
| 1Y Return | 42.06% | 33.48% |
| Sharpe Ratio | 3.53 | 3.39 |
| Sortino Ratio | 4.91 | 4.76 |
| Omega Ratio | 1.62 | 1.63 |
| Calmar Ratio | 5.97 | 2.23 |
| Martin Ratio | 24.09 | 23.00 |
| Ulcer Index | 1.84% | 1.55% |
| Daily Std Dev | 12.49% | 10.40% |
| Max Drawdown | -14.28% | -27.49% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CLSE and ADME is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CLSE vs. ADME - Performance Comparison
In the year-to-date period, CLSE achieves a 40.19% return, which is significantly higher than ADME's 25.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CLSE vs. ADME - Expense Ratio Comparison
CLSE has a 1.56% expense ratio, which is higher than ADME's 0.79% expense ratio.
Risk-Adjusted Performance
CLSE vs. ADME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) and Aptus Drawdown Managed Equity ETF (ADME). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CLSE vs. ADME - Dividend Comparison
CLSE's dividend yield for the trailing twelve months is around 0.86%, more than ADME's 0.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
CLSE Convergence Long/Short Equity ETF | 0.86% | 1.21% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ADME Aptus Drawdown Managed Equity ETF | 0.55% | 0.78% | 0.74% | 0.26% | 0.41% | 0.69% | 0.86% | 0.32% | 0.69% |
Drawdowns
CLSE vs. ADME - Drawdown Comparison
The maximum CLSE drawdown since its inception was -14.28%, smaller than the maximum ADME drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for CLSE and ADME. For additional features, visit the drawdowns tool.
Volatility
CLSE vs. ADME - Volatility Comparison
Convergence Long/Short Equity ETF (CLSE) and Aptus Drawdown Managed Equity ETF (ADME) have volatilities of 3.56% and 3.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.